Other Release definition
Examples of Other Release in a sentence
The Joint Request For Distribution shall instruct the Escrow Agent to (A) release from the Escrow Fund to Sellers the Other Release Amount, (B) release from the Escrow Fund to Buyer the Purchase Price Downward Adjustment and (C) retain in the Escrow Fund the Withheld Amount until a further Joint Request For Distribution is received by Escrow Agent.
Such release shall be in proper form for recording in the jurisdiction in which the Other Release Property is located and shall be reasonably satisfactory to the Administrative Agent.
Upon receipt by the Trustee of such Other Release Order, the Trustee shall sell Pledged Securities in an amount necessary to deliver funds to the Issuer in such amount and pay over to the Issuer or the Issuer's Designee, as the case may be, the requested amount from the Escrow Account as soon as practicable.